The Global Hemp Seed Market size is projected to reach USD 2.2 billion by 2028 from USD 1.3 billion in 2021, at a CAGR of 8.0% during the forecast period i.e., between 2021 and 2028. The application segment is anticipated to dominate with a share of over 45% owing to its wide applications in food products such as cakes and oils. The key factors driving this trend are increasing public awareness about the health benefits of hemp seeds, changing food habits due to the growing vegan population around the globe, and increasing disposable income levels in emerging economies such as India and China.
Hemp seeds are the edible oil-bearing seed of plants from the Cannabis genus. They can be eaten raw, roasted, or pressed to make hempseed oil. The leaves and flowers may also be consumed. Hemp is used for industrial purposes such as papermaking, textiles, biodegradable plastics, construction material (like fiberboard), animal feed, and personal care products.
The hemp seed has been used to feed animals such as horses and poultry since the 1700s but in more recent years it's become more popular with humans because of its nutritional value. Hemp seeds are typically eaten whole or ground into meal form before being incorporated into gluten-free baked goods like brownies or bread. They can also be added to salads and snacks like granola bars.
The use of hemp seed in human nutrition comes with many benefits; it provides an excellent source of high-quality protein both complete and balanced which contains all essential amino acids in significant amounts; offers a good level of omega fatty acid (Omega-FAs); contains high levels of dietary fiber that is needed for a healthy gastrointestinal tract, reducing constipation and other digestive problems.
On the basis of Type, the market is segmented into Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, and Others. The market share of hulled hemp seed has increased considerably over recent years due to the demand being driven by growing consumer awareness about healthy diet options and also by increasing interest among consumers who prefer more flavorful products such as whole pulp flour because they do not have the grainy taste normally associated with ground flours.
Whole hemp seed is considered to be the complete form of hemp. Hemp seeds are full of healthy fats, proteins, and other nutrients that every human body needs at all times. Whole hemp seed is the edible part of a plant, which usually consists of about 25% hulled hemp seeds and 75% shell. The size varies according to quality, with larger-sized nuts being higher in protein content while smaller ones are more suitable for human consumption because they have less fiber. Hemp seeds are available as a whole or shelled versions depending on their intended use.
Hulled hemp seeds determine the number of times they can be grounded into flour before becoming powdery; these typically vary between three to five grinds. It is used by those who like its nutty flavor or want an option that has a little more fat than others do.
Hemp seed oil is extracted from hemp seeds. Hemp seed contains a nutrition-packed, perfect balance of omega fatty acids: EFAs (omega-fatty acids). The content includes 15% alpha-linolenic acid and 33% gamma-linoleic acid which are usually found in nuts and green vegetables. It also provides more than enough essential amino acid members to meet human requirements without any side effects or allergies like those associated with soybean oil.
The product has been used for centuries as an important ingredient in cooking oils, paints, and soaps due to its high nutritional value such as a protein with excellent digestibility and good taste that does not leave any aftertaste on dishes cooked at low temperatures.
On the basis of Application, the market is segmented into Hemp seed cakes (Bakery), hemp oil, and others.
The Hemp seed cake market (bakery) is one of the most important application segments for hemp seeds owing to their use in various food items as a substitute for eggs or other animal-based ingredients such as butter or milk etc., which have high nutritional value especially protein content and many people are turning towards veganism/vegetarianism due to awareness about health benefits associated with it that has led them to replace traditional recipes with new ones using hemp seed cakes. The key driving factor influencing this segment is consumer preference
Hemp oil is another type of product used by manufacturers across the globe because of its significance in skincare formulations given that they contain omega fatty acids like linolenic acid, alpha-linolenic acid, linoleic acid that are known to have anti-inflammatory properties.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Significant development with respect to legislation pertaining to agriculture is taken place in the Asia Pacific especially China. China is the largest producer of hemp, the second-largest consumer, and one among top exporters globally. Due to its vast production areas in North America and Asia Pacific region, it has become a major player in global trade.
The Hemp Seed Market in Europe region comprises various countries which have different regulatory frameworks for the cultivation and use of hemp seeds, thus presenting challenges through supply chain delivery. Countries like France are more supportive of cultivating industrial hemp as they have witnessed an increase in demand for raw materials from the textile industry while on the other hand, Italy has restricted the importation of cannabis Sativa plant material owing to its high content of THC (Tetrahydrocannabinol). Germany being one of the top producers and consumers expects higher imports due to regulations related to export restrictions.
The growing awareness about healthy and nutritious food in general, coupled with the rising demand for specialized ingredients has led manufacturers to explore newer possibilities such as hemp seeds. Hemp seeds not only provide protein but also contains omega-six fatty acids which help maintain good health. Apart from this, it can be used in many applications owing to its nutritional value that includes amino acid profile (including necessary proteins), minerals like phosphorous or magnesium, vitamins including vitamin E and B group vitamins, etc., thus making it an attractive ingredient globally. These factors are anticipated to play key roles in influencing the growth rates of the market on account of their lucrative benefits.
Up Market Research published a new report titled “Hemp Seed Market research report which is segmented by Types (Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, Hemp Protein Powder, Others), By Applications (Hemp Seed Cakes, Hemp Oil, Others), By Players/Companies Manitoba Harvest, Hemp Oil Canada, Jinzhou Qiaopai Biotech, Canah International, CIGO Food, North American Hemp & Grain Co., Naturally Splendid, Yunnan Industrial Hemp, Agropro, GFR Ingredients Inc., Navitas Organics, HempFlax, Yishutang, BAFA neu GmbH, Deep Nature Project, Green source organics, Aos Products, Suyash Herbs”.
|Report Attributes||Report Details|
|Report Title||Hemp Seed Market Research Report|
|By Type||Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, Hemp Protein Powder, Others|
|By Application||Hemp Seed Cakes, Hemp Oil, Others|
|By Companies||Manitoba Harvest, Hemp Oil Canada, Jinzhou Qiaopai Biotech, Canah International, CIGO Food, North American Hemp & Grain Co., Naturally Splendid, Yunnan Industrial Hemp, Agropro, GFR Ingredients Inc., Navitas Organics, HempFlax, Yishutang, BAFA neu GmbH, Deep Nature Project, Green source organics, Aos Products, Suyash Herbs|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||247|
|Number of Tables & Figures||173|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, Hemp Protein Powder, Others and By Application Hemp Seed Cakes, Hemp Oil, Others.
Some of the companies that are profiled in this report are:
Hemp Seed Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Hemp Seed Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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